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Amazon leads $575 million investment round for food delivery company Deliveroo

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Amazon is leading a $575 million funding round for Deliveroo, taking the total the food delivery firm has raised to date up to $1.53 billion.

is leading a $575 million funding round for Deliveroo, taking the total the food delivery app has raised to date up to $1.53 billion.

Others taking part in the funding round include existing investors T. Rowe Price, Fidelity Management, and Greenoaks. Deliveroo said in a press release Friday that it would use the funding to grow its engineering team in its London headquarters and expand its delivery reach to offer its service to new customers. Will Shu, founder and CEO of Deliveroo, said in the press release that the new investment would offer restaurants new opportunities to grow and expand their businesses.

"Amazon has been an inspiration to me personally and to the company, and we look forward to working with such a customer-obsessed organisation," he said. "This is great news for the tech and restaurant sectors, and it will help to create jobs in all of the countries in which we operate."

 

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